Commenting today on the announcement that Redcar will be home to the Clean Gas Project led by the consortium OGCI Climate Investments, are BP, ENI, Equinor, Oxy, Shell and Total, Alex Cunningham, Labour MP for Stockton North and Chair of the All Party Parliamentary Group on Carbon Capture and Storage said:
“This is tremendously good news for the Tees Valley and the kind of project we’ve been campaigning for in Parliament. It’s testament to the hard work of the Teesside Collective and the Tees local Councils who have been working towards this goal for several years.
“At long last the Government, which axed a billion pound grant for the White Rose and Peterhead projects several years ago, have accepted the arguments that it needed to get behind Teesside and make CCUS happen.
“Today’s decision could be transformational for our area – and provide industry, ground down by high carbon taxes, with a way of cutting their costs and making their businesses more cost effective. This must then lead to more investment – not just from existing companies but new ones who can benefit from carbon capture and bring the jobs bonanza we need.
“We know it is early days yet and there are many details to be sorted out – including what specific support the Government is actually giving – but I look forward to more news soon.
“I, alongside my Tees colleagues, will continue to hold the Government to account to ensure they deliver on the promises made to our people and don’t walk away from the Tees project as they walked away from the others.”